Finland Raises 47.5M After Selling Stash of Seized Bitcoin

Finland has secured $47.5 million after selling around 1,890 seized Bitcoin (BTC). Yle, Finland’s national public broadcasting company, reported, citing an announcement from the  Finnish Customs on Thursday, July 21. According to the agency, the BTC came from drug busts and was legally forfeited to the state after court rulings. The bulk of the BTC - around 1,666 came from raids before 2018. However, Finnish authorities took their time before deciding what to do with the funds. The government announced…

Finnish Authorities Facing Dilemmas on How to Liquidate Seized Bitcoins

Finnish authorities have been on an endless spree of seizing Bitcoins obtained from illegal activities valued at millions. Unfortunately for their cause, they have no idea how to liquidate them. More on the BTC Probe The confiscation of such Bitcoins prompted a debate on the best way to ensure the crypto gets liquidated. Local reports state that the Finnish Customs Service have their hands on a total of 1,666 Bitcoins. The agency managed to seize the cryptos from drug deals…